Risk Insurance
Risk insurance policies are financial products that will pay the policy holder if the ‘insured event’ – such as becoming unwell and being unable to work – happens.
Insured events include things like temporary illness, permanent illness, temporary injury, permanent injury, or the premature death of the insured person.
Risk insurances insure your good health, which is actually your most important financial asset. That is why risk insurances are almost always the essential first step in any financial plan. Insuring yourself against a loss of income or earning ability allows you to ensure that life for you and your loved ones goes on with the quality you want, even if something unwanted happens.
We provide the complete range of risk insurance services: death cover, total and permanent disability (TPD), income protection and trauma cover. We help you calculate the type and amount of each cover that you might need, as well as discuss other ways that you can protect yourself against financial loss.
We also show you how to minimise the premiums, especially after-tax, without unnecessarily compromising the quality of the policy or the level of cover that you acquire.
If cash flow is tight, we can assist you to find ways to insure yourself that minimise the demands on your day-to-day income. And, of course, as financial planners we can help you find ways to enhance your income. This makes everything more affordable, not just your insurances.
Chris Watts
Director and Financial Planner
Chris specialises in Superannuation, Retirement Planning, Centrelink advice, TTR, Risk insurances and also Budgeting & Cashflow.
Chris is degree qualified and holds several industry qualifications. He has worked in Financial Services since graduation both in the UK and here in Australia. He initially started his career as a Mortgage Broker and then as a Financial Planner within large Banking organisations for over 8 years. Chris now enjoys working within his own Practice.
Having worked within the Banking industry, customer service is especially important and is front and centre of the business.
Chris Watts is an authorised representative (1004043) of Synchron (AFSL 243313).
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Relevant Articles
All about TPD
Total and permanent disability (TPD) insurance is one of the most important life insurances around. As the name implies, TPD insurance pays you a benefit if you become ill or injured and cannot continue working as you did prior to the illness or injury.
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An insurer and the policyholder must be honest with each other. It is the very basis of the insurance contract. Full disclosure - or the duty of utmost good faith - is so important that it is even enshrined in legislation.
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No two insurance policies are the same
One of the most frustrating aspects of life insurance for clients is that not all policies are the same. This makes it hard for the ‘person in the street’ to ensure that the cover they take is the cover they need.